• Coin Bureau shared their prime picks within the cryptocurrency class in a YouTube video yesterday.
• Within the video, Coin Bureau mentioned that Solana killers SUI, APT and NEAR are tasks with enormous revenue potential.
• Alternatively, ETH L2 tasks equivalent to METIS, MATIC, ARB and OP will play an vital position in all classes sooner or later.

With the present bear market coming to an finish, many cryptocurrency buyers are constructing their portfolios with the aim of maximizing earnings within the subsequent bull market. To assist buyers, Coin Bureau just lately shared its prime cryptocurrency picks in a video that was uploaded to YouTube yesterday.

Within the video, they organized the record into 10 classes and defined a number of the challenges and alternatives related to every class. The video comes after many altcoins hit chart lows over the previous few months.

Solana’s Assassin

The primary class of cryptocurrencies lined on this video is the Solana killer. Whereas the market was as soon as targeted on tasks that would overtake Ethereum (ETH), it’s now sufficiently clear that the Ethereum blockchain will take maintain, in keeping with Coin Bureau. Solana killers talked about within the video included Sui (SUI), Aptos (APT) and Close to Protocol (NEAR).

These three tasks might overtake Solana if they do not survive the aftermath of the FTX collapse. If Solana can overcome the challenges posed by the latest FTX collapse and keep its lead over SUI, APT and NEAR, Coin Bureau believes SOL may even be a crypto to observe within the subsequent bull market.

Since ETH has established a dominant market presence, buyers might be seeking to Layer 1 tasks equivalent to those talked about on this article, which may result in 10x or extra returns for long-term buyers. I’ve. Coin Bureau, in the meantime, warned that rising rates of interest might scale back the circulation of cash into speculative cryptocurrencies, decreasing returns.

Furthermore, given ETH’s popularity within the cryptocurrency market, they consider Solanakiller might additionally outperform Layer 2 tasks constructed on Ethereum (ETH). If these tasks entice investor consideration, the earnings of tasks making an attempt to overthrow Solana may very well be additional lowered.

Layer 2 undertaking constructed on Ethereum (ETH)

These are tasks constructed on the Ethereum blockchain with the aim of decreasing community transaction charges and bettering transaction speeds. Within the video, Coin Bureau mentioned these tasks additionally include the inherent safety of the Ethereum community, making them a sexy choice for decentralized purposes.

Tasks equivalent to MetisDAO (METIS), Polygon (MATIC), Arbitrum (ARB), and Optimism (OP) are all candidates for this class. In accordance with the video, increasingly more Layer 2 tasks are coming into the market. The Coin Bureau has subsequently warned that as extra tasks enter the market, the market capitalization competitors between tasks will develop into much more intense.

distributed storage

Tasks included within the subsequent class of distributed storage are Filecoin (FIL), Arweave (AR) and Akash Community (AKT). Coin Bureau shared that many layer 1 tasks at the moment retailer their knowledge in centralized cloud servers, which would require decentralized storage sooner or later. As these tasks develop, a centralized resolution might develop into unviable.

One caveat about tasks on this class, nonetheless, is that Layer 1 and Layer 2 tasks could also be simply starting to create their very own distributed storage options. If this occurs, you now not want a third-party distributed storage resolution. Second, distributed storage options are a brand new idea and haven’t but been totally examined out there.

decentralized identification

In accordance with Coin Bureau, tasks within the decentralized id class will play a key position in unlocking the following wave of cryptocurrency and blockchain use circumstances. Tasks equivalent to Civic (CVC), Kleros (PNK), KILT Protocol (KILT), and Polygon (MATIC), which has developed its personal identification resolution, are notable tasks on this class.

Within the close to future, it might develop into a regulatory requirement for customers to have decentralized identities linked to their real-world identities earlier than interacting with DeFi merchandise. If this occurs, cryptocurrencies on this class might expertise vital worth will increase.

decentralized finance

Tasks on this class had been created to switch establishments within the conventional monetary system. Coin Bureau is bullish on this class of cryptocurrencies, as it’s the solely undertaking to generate charge earnings apart from Ethereum (ETH) and Bitcoin (BTC). A portion of those charges could also be paid to governance individuals, making them a extra engaging funding.

Crypto tasks talked about on this class embody Aave (AAVE), Lido DAO (LDO), and Uniswap (UNI). Of observe, these tasks face vital regulatory threat as they purpose to switch conventional centralized monetary establishments. Moreover, these tasks usually tend to be hacked and cyber-attacked.

interoperability undertaking

The following class lined within the video is tasks that allow a excessive degree of interoperability, i.e. the flexibility to share sources throughout a number of blockchain networks. Moreover, these tasks additionally provide blockchain tasks with connectivity to real-world, real-time knowledge.

Tasks equivalent to Chainlink (LINK), Flux (FLUX), Cosmos (ATOM) and Axelar (AXL) had been defined within the video. In accordance with the Coin Bureau, interoperability tasks are most popular as a result of it’s extremely unlikely {that a} single layer 1 or layer 2 undertaking can help distributed purposes that scale to the worldwide degree.

The potential demand for interoperability tasks is additional fueled by the truth that many cryptocurrency use circumstances require interoperability. Nonetheless, the Coin Bureau warned that interoperability tasks would solely be used within the occasion of a excessive charge of world cryptocurrency adoption.

decentralized social media

In accordance with the video, decentralized social media tasks equivalent to LENS Platform (LENS) and Theta Community (THETA) might carry constructive returns to buyers in the long term. As governments world wide proceed to attempt to censor the web, social media customers will progressively flip to those decentralized social platforms.

Nonetheless, Coin Bureau mentioned adoption of those tasks will depend upon the benefit of use of those platforms. There may be additionally the chance that decentralized social media platforms will fall sufferer to the identical regulatory scrutiny as DeFi merchandise.

blockchain sport

Whereas a lot of the hype surrounding the Play-to-Earn area has subsided, Coin Bureau nonetheless talked about three blockchain gaming tasks that each one buyers needs to be looking forward to the following bull market. The video options Axie Infinity (AXS), Gala (GALA), and Decentraland (MANA) as a number of the notable tasks.

Coin Bureau mentioned in a video that blockchain video games might be one of many foremost drivers for mass adoption of cryptocurrencies as they open up many nice use circumstances sooner or later. Sadly, there may be nonetheless no blockchain sport that may help thousands and thousands of customers, so there may be nonetheless some work that every undertaking’s crew must do.

pockets

Many customers of the crypto area are unaware of the vital position blockchain wallets play within the crypto area. For this reason wallets are the following class talked about in Coin Bureau movies. Well-liked pockets options in the marketplace immediately embody Metamask, Fantom (FTM), Avalanche (AVAX) and ThorFi (THOR).

It’s predicted that these tasks might also launch their very own governance tokens sooner or later. Even MetaMask’s crew has hinted that MetaMask might purchase its personal token within the medium time period. If this occurs, there may very well be a market capitalization race between all pockets suppliers.

privateness coin

The ultimate class lined on this video is privateness cash that purpose to cover the identities of their homeowners and customers transacting on the community. Concerning this class, Coin Bureau named ProjectOasis (OASIS), Monero (XMR) and Secret (SCRT) as tasks to observe for the following crypto bull market.

These tasks at the moment face the best degree of regulatory scrutiny because of the many unlawful actions that may happen on their networks. The Coin Bureau mentioned regulators might proceed to crack down on these privacy-focused tasks sooner or later, which might have a unfavorable impression on costs.